Commerce Department

Economy Shrinks By 6.2%, Worst In 25 Years

AP | JEANNINE AVERSA | Posted 03.30.2009 | Business


WASHINGTON — The economy is moving in reverse faster than the government can measure. The contraction for the fourth quarter of 2008 had been e...

Jason Linkins

Scritti Politti: January 30, 2009

HuffingtonPost.com | Jason Linkins | Posted 03.02.2009 | Media


Well, you knew this was coming! From Lynn Sweet: I just chatted with Justin Herndon, one of the publicists who put together the media blitz for now ...

Congressional Black Caucus Lobbies Obama For Black Commerce Secretary

The Hill | Posted 03.02.2009 | Politics


The Congressional Black Caucus is lobbying President Barack Obama to pick African-American technology executive John Thompson to be his commerce secre...

Sam Stein

Judd Gregg: Commerce Secretary

HuffingtonPost.com | Sam Stein | Posted 03.01.2009 | Politics


UPDATE: February 12, 4:20 PM ET: Judd Gregg has withdrawn his nomination to serve Commerce Secretary. From his statement: I want to thank the Presid...

Trade Rep. Schwab Says Tech And Trade Are Inextricable at CES

Mike Smith | Posted 02.12.2009 | World


Mike Smith

Rep. Susan C. Schwab says that the electronics community and tech sector needs to be just as vocal as others who are protectionist. Trade agreements must benefit everyone.

Richardson Appointment Is Good News for Oceans

Frances Beinecke | Posted 01.04.2009 | Green


Frances Beinecke

As Secretary of Commerce, Bill Richardson can position the US as a leader on international ocean issues. He is a big-picture person, someone who understands the global stage.

Penny Pritzker: Commerce Secretary?

Huffington Post | Posted 12.20.2008 | Politics


UPDATE: Penny Pritzker has withdrawn herself from consideration for the Commerce Secretary post. She emailed the following statement to the Chicago S...

NOAA Makes it Official: Extreme Weather Due to Climate Change

Janet Ritz | Posted 06.28.2008 | Green


Janet Ritz

Congress, candidates and electorate take note: The extreme weather the U.S. has been experiencing is due to climate change and is expected to become more extreme in the future.

Economy Nearly Stalled in 4th Quarter

AP | JEANNINE AVERSA | Posted 04.04.2008 | Business


WASHINGTON — The economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and f...

New Home Sales Drop for a Fourth Month

AP | MARTIN CRUTSINGER | Posted 04.03.2008 | Business


WASHINGTON — Sales of new homes fell in February for the fourth straight month, pushing activity down to a 13-year low. While the rate of declin...

More Economists Agree We Are In A Recession

Wall Street Journal | PHIL IZZO, SUDEEP REDDY | Posted 03.28.2008 | Business


Economists in the latest Wall Street Journal forecasting survey are increasingly certain the U.S. has slid into recession, a view reinforced by new da...

Sales, Dollar Plunge; Oil Soars

AP | MARTIN CRUTSINGER | Posted 03.28.2008 | Business


WASHINGTON — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything. Stocks kept gyrating, too, on T...

Economy Skids to Near Halt

AP | JEANNINE AVERSA | Posted 03.28.2008 | Business


WASHINGTON — The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused pe...

Stocks Rise on Rate Cut Hopes

AP | MADLEN READ | Posted 03.28.2008 | Business


NEW YORK — A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a ...

Dow Drops 280 Points On Recession Worries

AP | Leslie Wines | Posted 03.28.2008 | Business


A growing conviction that the U.S. is headed toward recession sent Wall Street plunging Tuesday, with weak retail sales figures and a disappointing qu...

Stocks Slide On Negative Citi News

AP | LESLIE WINES | Posted 03.28.2008 | Business


Stocks skidded Tuesday after weak economic news and a disappointing quarterly report from Citigroup Inc. signaled Wall Street's worries about the econ...

Oil Imports Push U.S. Trade Deficit To 14-Month High

AP | Martin Crutsinger | Posted 03.28.2008 | Entertainment


The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined...

Sales Of New Homes Worse Than Expected

AP | JEANNINE AVERSA | Posted 03.28.2008 | Business


The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years. The slump ...

Stocks Close Flat After Erratic Trading Week

AP | Tim Paradis | Posted 03.28.2008 | Business


Stocks finished an erratic week narrowly mixed Friday after a government report of a steep decline in new home sales stirred concerns that weakness in...

Bhutto Death, Durable Goods Data Send Stocks Down

AP | Tim Paradis | Posted 03.28.2008 | Business


Stocks fell in early trading Thursday after the assassination of Pakistani opposition leader Benazir Bhutto and after the U.S. government reported a w...

Housing Construction Hits 16-Year Low

AP | Martin Crutsinger | Posted 03.28.2008 | Business


Housing construction fell in November with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in h...

US Trade Deficit Declines

AP | Martin Crutsinger | Posted 03.28.2008 | Business


The U.S. trade deficit declined during the third quarter to the lowest level in two years, raising hopes that the country's trade troubles could be ea...

Consumer Spending Higher Than Expected

AP | Martin Crutsinger | Posted 03.28.2008 | Business


Consumers shrugged off a rash of bad news to push spending up by a bigger-than-expected amount in August while a key measure of inflation eased to the...